To assist our industry in understanding and implementing the new Income Averaging election, NCSHA has developed an Income Averaging Q&A with answers to frequently asked questions. … [Read more...] about NCSHA Develops Income Averaging Q & A
Latest News
2 Important Changes Made to the LIHC Program
The Consolidated Appropriations Act of 2018 created 2 important changes to the Housing Credit Program... Increases in Available Credit and Income Averaging... both of which are explained here. … [Read more...] about 2 Important Changes Made to the LIHC Program
USDA Debuts New RHS Program Eligibility Maps
The USDA announced proposed changes to the maps it uses under the Rural Housing Service. The proposed maps will go into effect on June 4, 2018. … [Read more...] about USDA Debuts New RHS Program Eligibility Maps
2018 Income Limits Released
As promised, HUD released the 2018 income limits on March 30, 2018 with an effective date of April 1, 2018. As per Revenue Ruling 94-57, Housing Credit income limits must be implemented on the effective date or 45 days from the publication date, whichever is LATER. … [Read more...] about 2018 Income Limits Released
Omnibus Spending Bill Signed Into Law
On March 23, 2018, President Trump signed a $1.3 trillion FY 2018 omnibus spending bill to keep the government opened through September 30, 2018. This law includes... 12.5% allocation increase for the next 4 years for 9% Housing Credit deals, An Income averaging option … [Read more...] about Omnibus Spending Bill Signed Into Law